Commercial Property
AA REIT DPU jumps 41.5% to 2.90 cents
Its distribution to unitholders also increased to $20.5m.
OUE C-REIT net property income slips l.6% to $61.1m
While its commercial portfolio remained resilient, OUE C-REIT's hospotality business took a hit in the first quarter.
Ascendas Reit to acquire remaining 75% interest in Galaxis
The acquisition is estimated to be worth a total of $534.4m.
City Developments in the midst of a board exodus
Lim Yin Nee Jenny is the fourth director to resign from the property developer's board.
OUE C-Reit redeems $155m convertible units in One Raffles Place deal
THe units will be redeemed on 1 June.
Mapletree Industrial Trust distributable net property income up 11.3%
The REIT found the fiscal year challenging as tenants struggled during the pandemic.
ARA acquires 50% stake in Dasin Retail Trust Management
The company plans to extend its reach in China’s Greater Bay Area.
ESR-Reit divests two "non-core" assets for $53m
ESR-Reit divests of an industrial building and a warehouse for additional funds.
LHN Limited acquires Geylang Road property for $13.5m
The real estate management firm bought it under an Option to Purchase agreement.
Starhill Global REIT net property income hops 0.6% in its Q3
The investment trust said its income was stable amidst uncertainties caused by the pandemic.
Colliers strengthens team with key appointments in Singapore
Promotions and appointments were also made in Hong Kong, Korea and Japan.
CICT net property income up 66.6% to $247m
CapitaLand Integrated Commercial Trust is optimistic about the gradual easing of safe management measures.
Ascendas REIT posts 86.9% portfolio occupancy in Q1
The QoQ decline was largely due to non-renewals at the TÜV SÜD PSB Building.
Elite Commercial REIT revenue surges in Q1, due to 100% occupancy
Revenue was further boosted by the acquisition of 58 commercial properties in the UK.
Industrial property prices rose 0.9% QoQ in Q1, 2021
However, prices are still 1.3% down on a year-by-year basis.
Ascendas India Trust posts 5% net income increase amidst COVID-19 resurgence
The SGX mainboard-listed company saw lower total property income offset by lower property expenses.
Rents decline slows amidst retail recovery
Retail rents are expected to stabilize, after a predicted decline of 5%.
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